Captive International Cayman Awards: Reinsurance broker

Winner: Marsh

Highly commended: Aon

Highly commended: Willis

Marsh has deep relationships in the market, and  is the perfect partner for captives looking to the reinsurance market, as part of its one-stop shop solution for captives. It creates tailored services designed to suit the specific needs of its clients, with data analytics and benchmarking that enable its clients to identify trends and quantify the advantages their captive can offer, it says. Its deep captive insights and advisory capabilities allow its clients to understand how peer companies are benefiting from captive coverage.

Aon’s captive and insurance management team manages more than 1,000 insurance entities worldwide, including captives, protected and incorporated cell facilities, special purpose vehicles and specialist insurance and reinsurance companies. It helps clients identify and quantify risk and assists with the selection and implementation of the appropriate risk transfer, risk retention, and risk mitigation solutions, it says. Its consulting and management teams work closely together to create and implement innovative solutions, helping captives identify ways to maximise programme efficiency.

Willis Towers Watson is an enthusiastic captive manager and broker that works with captive owners and their captive boards, whether for a cell, a protected cell company or a captive, to help them achieve their goals. Willis says it has established effective relationships with the all the major, and many of the minor, reinsurers and broking houses, making it the ideal liaison between a captive and the reinsurance industry, facilitating the smooth and effective administration of any captive insurance programme.